Edison International (NYSE:EIX) shares, rose in value on Wednesday, January 22, with the stock price down by -6.33% to the previous day’s close as strong demand from buyers drove the stock to $58.29.
Actively observing the price movement in the last trading, the stock closed the session at $62.23, falling within a range of $58.06 and $61.865. The value of beta (5-year monthly) was 0.935 whereas the PE ratio was 17.10 over 12-month period. Referring to stock’s 52-week performance, its high was $88.77, and the low was $55.27. On the whole, EIX has fluctuated by -25.52% over the past month.
With the market capitalization of Edison International currently standing at about $22.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 3.17, with its dividend yield at 5.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.25B, with a low estimate of 3.76B and a high estimate of 4.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.86B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EIX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.80, with the price of EIX currently trading nearly -18.49% and -26.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 22.14, while the 7-day volatility ratio is showing 4.89% which for the 30-day chart, stands at 4.23%. Furthermore, Edison International (EIX)’s beta value is 0.91, and its average true range (ATR) is 3.03.
A comparison of Edison International (EIX) with its peers suggests the former has fared considerably weaker in the market. EIX showed an intraday change of -6.33% in last session, and over the past year, it shrunk by -14.64%%.
Data on historical trading for Edison International (NYSE:EIX) indicates that the trading volumes over the past 10 days have averaged 9.23 and over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 387.15 million shares outstanding.
Nearly 0.13% of Edison International’s shares belong to company insiders and institutional investors own 90.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.96 million shares as on 2024-12-31, resulting in a short ratio of 2.95. According to the data, the short interest in Edison International (EIX) stood at 191.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 5.58 million. The stock has fallen by -26.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EIX stock heading into the next quarter.
